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Government budget framework needs radical overhaul, says expert body | Business

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The Fiscal and Financial Commission, a Constitutional body that advises the Treasury on policy, has recommended a 'radical' overhaul of how government revenue is split, arguing that a much larger portion must go to local government. | politicsblahbla

Thaba Chweu municipality in Mpumalanga is facing a variety of problems, including ineffective sewerage systems. Photo: Sizwe sama YendeThe Fiscal and Financial Commission , a Constitutional body that advises the Treasury on policy, has recommended a"radical" overhaul of how government revenue is split, arguing that a much larger portion must go to local government.

It has also recommended a rethink of the R350 social grant, arguing that the amount is arbitrary and does not reflect the cost of living. The FFC makes its recommendations on fiscal policy nine months ahead of the budget based on extensive research. The recommendations it announced on Thursday are for the 2024/25 budget. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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